The Workmen’s Compensation Insurance is a compulsory Insurance which employers in Singapore are required to purchase according to the Workmen’s Compensation Act 1998.
It is an offence for employers no to provide their workmen with the Insurance Cover. Penalty is a fine of up to $10,000, jail term of up to 1-year or both.
What is considered a “Workman”?
- A Person engaged in manual labour regardless of how much he earns
- A Person engaged in non-manual labour where his average monthly salary does not exceed $1,600
Coverage:
1] Medical Expense Benefit
2] Temporary Incapacity Benefit
3] Permanent Incapacity Benefit
4] Dependent’s death benefit
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